Britain's top share index rose 0.6 percent in midday trade on Monday, as miners rallied on firmer metal prices and M&A speculation boosted International Power and Cadbury, while broker comment weighed on defence stocks. At 1218 GMT, the FTSE 100 was up 32.82 points at 5,488.19, in subdued trade with U.S. markets closed for Martin

Most Asian stocks fell on Monday following No 2 U.S. bank JPMorgan's heavy losses on mortgage and credit card loans which cast doubt on consumer demand in the region's largest export market. But European shares are seen recouping Friday's losses, with the DJ Euro Stoxx futures are rising 0.5 percent. The U.S. dollar and the

The annual inflation in Cyprus recorded an increase in December 2009. According to the figures published on Friday by Eurostat, inflation in Cyprus was 1.6% in December 2009, up from 1.0% in November. These figures show that Euro area annual inflation was 0.9% in December 2009, up from 0.5% in November, while a year earlier

Cyprus’ trade balance recorded a deficit of 3.9 billion Euro for the first 10 months of 2009, reduced by 1.3 billion euro compared to the corresponsive period in 2008. According to data released on Friday by Eurostat, the Statistical Office of the European Communities, Cyprus’ total value of exports reached 700 million Euro, recording a

The Cyprus 2 euro coin has been awarded first prize, gaining the title “Best Trade Coin” in an international competition organised in 2009 by Krause Publications, the American publisher of “World Coin News”, the Central Bank of Cyprus has announced. The winning coin is the common 2 euro circulation coin which depicts a cross shaped

Rising buyer interest and low levels of supply pushed property asking prices in England and Wales up an annual 4.1 percent in January, property website Rightmove said on Monday. On a non-seasonally adjusted month-on-month basis, prices rose 0.4 percent, reversing part of December's 2.2 percent decline. Search activity on Rightmove's website hit a record high

European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investors sentiment soured after U.S. bank JPMorgan reported earnings. By 1241 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,061.63 points. Banks took the most points off the index, with

Investors sold shares and stepped up bids for safe-haven bonds and the U.S. dollar, despite a big earnings jump from JPMorgan which analysts said did not do anything to significantly improve the U.S. recovery picture. The results — fourth-quarter 2009 net income of $3.3 billion — come on the heels of tepid U.S. data and

A 'crisis tax' proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said on Friday. While there is little clarity over the practical effect of the levy, many questioned its fairness given that the European banks it would affect did not